Tonight's post shows a number of markets on the verge of a major push higher...many of them face considerable overhead resistance...time will tell if they will be successful or not...their Daily charts are as follows:
The US$ is sitting in a confluence zone of crossed regression channel lines and 50 sma (red)...near-term support lies at 76.70, followed by 76.00...will see how this trades on an inverse relationship to the above instruments.
In addition to the US$, the corresponding USD/CAD forex pair is showing a similar drop in price to prior support...it may be headed to the middle of an uptrending channel at around 1.0070.
We'll see what stories emanate from Europe next week and which way the wind blows these markets.
Again, I'll keep a close eye on the Financials...the 1-day 1-minute percentage comparison chart of the banks to XLF shows that JPM finished down on the day from the open, whereas the others finished up...one to watch, perhaps?
Welcome and thank you for visiting!
The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.
DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.
UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Tues. June 15 @ 8:30 am ET ~ Retail Sales Report & Core Retail Sales Report
* Wed. June 16 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. June 25 @ 8:30 am ET ~ Core PCE Price Index Data
* Fri. July 2 @ 8:30 am ET ~ Employment Data
* Wed. July 7 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Tues. July 13 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. July 14 @ 2:00 pm ET ~ Beige Book Report
*** Click here for link to Economic Calendars for all upcoming events.